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Japan's trade deficit shrinks 35.5 pct in October


TOKYO,  (Xinhua) -- The Japanese government said Thursday that the country's trade deficit in October stands at 710. 0 billion yen (about 6.01 billion U.S. dollars), a 35.3 percent fall from a year earlier, for the 28th consecutive months of red ink.

The deficit span is the longest since comparable data become available in January 1979.

On a customs-cleared basis, exports of the world's third largest economy increased 9.6 percent on year to 6,688.5 billion yen (about 56.60 billion dollars), marking its highest value in six years due to the yen's fast retreat and upbeat auto shipments abroad, said the Finance Ministry in a preliminary report.

Imports grew 2.7 percent to 7,398.5 billion yen (about 62.62 billion dollars), for a 29.6-percent increase in communications devices, it said.

Japan's exports to the United States rose 8.9 percent to about 10.73 billion dollars and imports jumped 11.0 percent to 5.53 billion dollars.

The country's shipments to China rose 7.2 percent to about 10. 41 billion dollars and imports grew 9.6 percent to 15.37 billion dollars.

Shipments to the European Union grew 5.4 percent to about 5.80 billion dollars and imports gained 4.9 percent to 5.92 billion dollars.



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